Property Type

ORLANDO, FLA. — Foundry Commercial, a commercial real estate services firm, developer and investor based in Orlando, has acquired five seniors housing communities in Georgia and Florida. Totaling 320 units, the portfolio comprises two communities in Warner Robins and Boynton Ridge, Ga., and three communities in Jacksonville, Titusville and Plant City, Fla. Allegro Living Management, an affiliate of Foundry, will operate the portfolio under the Alto brand. Each community features 44 assisted living units and 20 memory care units and has an average vintage age below five years, according to Foundry. Blueprint Healthcare Real Estate Advisors represented the undisclosed seller, a regional development firm, in the transaction. The sales price was also not disclosed.

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NEW YORK CITY — Ariel Property Advisors has arranged a $12 million loan for the refinancing of a portfolio of three multifamily buildings totaling 60 units in Queens. The addresses of the buildings, which are located in the borough’s Sunnyside neighborhood, were not disclosed. Matthew Dzbanek and Matt Swerdlow of Ariel arranged the five-year loan, which was structured with at 65 percent loan-to-value ratio and two years of interest-only payments. The undisclosed borrower will use a portion of the proceeds to complete renovations that are already underway.

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DANVILLE, VA. — Cushman & Wakefield | Thalhimer has arranged the sale of a 927,500-square-foot manufacturing facility located at 100 Morgan Olson Way in Danville, a city in south Virginia on the border of North Carolina. The property is situated within Cane Creek Park and offers ample space for manufacturing and/or distribution tenants. Ben Brenner and Jake Hermann of Cushman & Wakefield, along with Davis Stoneburner, Price Gutshall and Rett Turner of Cushman & Wakefield | Thalhimer, represented the seller, an unnamed private individual, in the transaction. The buyer and sales price were also not disclosed.

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WALLINGFORD, CONN. — Marcus & Millichap has negotiated the $9.2 million sale of a 116-room, Marriott-branded hotel in Wallingford, located north of New Haven. The four-story hotel at 100 Miles Drive was built in 1985 as a Susse Chalet hotel but has been operated under the Fairfield Inn & Suites brand since 2001. Jerry Swon, Andrew Kern and John Krueger of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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By Andy Gutman, Farbman Group The Detroit office market has moved past the initial shock of the post-pandemic years, but the idea that all challenges are over would be premature. Looking ahead in 2026, office in Detroit would be best described as stabilizing but still highly selective, shaped by a continued flight to quality, cautious capital markets and a growing emphasis on service and tenant experience.  While vacancy remains elevated compared with pre-pandemic norms, limited new construction and a clear bifurcation between high- and low-quality assets are helping prevent further deterioration. The next phase of the cycle will be defined by how effectively landlords adapt to tenant expectations and how long it takes for capital markets to allow older assets to meaningfully change hands. Detroit office in 2026 By the numbers, Detroit’s office market in 2026 shows stability without significant growth pressure. Vacancy estimates range from approximately 15.7 to 23.3 percent, depending on data source and asset class. Marcus & Millichap, for example, projects a 2026 year-end vacancy of roughly 15.7 percent, which is a modest 10-basis-point increase year-over-year. Broader datasets that include older inventory report vacancy closer to 23 percent. Asking rents have remained largely flat, with Class A …

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The-Junction-Cottages-&-Townhomes-College-Station

COLLEGE STATION, TEXAS — A partnership between Landmark Properties, a Georgia-based student housing owner-operator, and San Francisco-based investment firm Stockbridge has acquired an 801-bed property in College Station. The Junction Cottages & Townhomes was built on 22 acres in 2016 and offers 186 units across three- and five-bedroom standalone cottages, as well as three-, four- and five-bedroom duplex townhomes. The average unit size is 1,700 square feet. Amenities include a clubhouse with office space, pool with a swim-up bar, outdoor grilling and dining stations, social gaming lounge and a fitness center. CBRE brokered the deal. The seller and sales price were not disclosed.

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IMT-Prestonwood-Dallas

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of IMT Prestonwood, a 438-unit apartment community in North Dallas. Built in 2018 just off the Dallas North Tollway, the property offers one- and two-bedroom units with an average size of 815 square feet. Amenities include two pools with cabanas, a clubhouse, sports lounge and outdoor entertainment spaces. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill, Shelby Vosburg and Jack Windham of IPA represented the seller, IMT Capital, in the transaction. The team also procured the undisclosed buyer, which has rebranded the property as Windsor Addison Apartments.

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HOUSTON — Melton & Melton has signed a 31,013-square-foot office lease in Houston’s Westchase district. The accounting firm is relocating to Westchase Park I, which is part of a two-building, 579,032-square-foot campus. Matt Asvestas and Brian Strait of Stream Realty Partners represented the landlord, Canyon Creek Real Estate, in the lease negotiations. Cody Little of JLL represented Melton & Melton.

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SAN ANTONIO — Nashville-based brokerage firm Matthews has arranged the sale of a 12,719-square-foot healthcare building in San Antonio. The single-tenant building at 855 Proton Road is located adjacent to Methodist Hospital Stone Oak on the city’s north side and is leased to Gastroenterology Consultants of San Antonio. Rahul Chhajed, Michael Moreno and Tyler Swade of Matthews represented the undisclosed seller in the transaction.

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KENNESAW, GA. — Yamaha Motor Co. Ltd. has announced plans to move its U.S. headquarters to the northern Atlanta suburb of Kennesaw after nearly 50 years of operation in Cypress, Calif. Yamaha Motor, which manufactures ATVs, boat engines, jet skis and other motorized products, has a strong presence in Georgia already. The Japanese-based company employs 2,300 Georgians at its 1.3 million-square-foot factory in Newnan and its marine and motorsports divisions in Kennesaw, which includes the 75,000-square-foot Marine Innovation Center that opened in 2023. Yamaha Motor Co. will begin its corporate relocation from California to Kennesaw this year and complete the process in 2028.

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